Online Brokers Trading Commissions Explained
Stock broker commissions are becoming cheaper and cheaper. The choices are also expanding so look for competition to continually bring prices down. This is good for us, but there are so many choices to choose from. Here are a few you might want to look into.
OptionsHouse made a splash with their less than three dollars stock trade. If there is a cost that's as close to nothing as possible, this is the broker that you should choose.
Zecco came out with free stock trades, but then it changed its rules again and again. These days, you only get 10 free trades if you have more than $25,000 in assets or if you trade 25 times or more a month.
OptionsXpress must be making a lot of money off customers because their trading commissions are highest of the bunch. It's $14.95 for most people and $12.95 for high volume traders. Pretty expensive right?
Wells Trade is one of the stock brokers I use because they provide 100 free trades. It's easy to sign up for an account if you are already a Wells Fargo customer and I like the fact that you can transfer assets around easily.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
I love Etrade because of their user interface. Even though the stock commission is $9.99 and $12.99 in some cases, it is still at the top of my list of recommended stock brokers.
If you love customer service, you need to check out Scottrade. They've always give out bonuses to their employees and they have the best customer support. Their stock commission is $7 per trade.
TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.
Charles Scbwab is the luxury of discount stock brokers. They tailor their business to individual starting with $300,000 in assets and it shows. Their trading commission is $12.99.
I don't really like TD Ameritrade but it works fine. Their stock commissions are $9.99 a trade and they have no hidden fees to boot. This option is fine, but it's not one I recommend. - 23204
OptionsHouse made a splash with their less than three dollars stock trade. If there is a cost that's as close to nothing as possible, this is the broker that you should choose.
Zecco came out with free stock trades, but then it changed its rules again and again. These days, you only get 10 free trades if you have more than $25,000 in assets or if you trade 25 times or more a month.
OptionsXpress must be making a lot of money off customers because their trading commissions are highest of the bunch. It's $14.95 for most people and $12.95 for high volume traders. Pretty expensive right?
Wells Trade is one of the stock brokers I use because they provide 100 free trades. It's easy to sign up for an account if you are already a Wells Fargo customer and I like the fact that you can transfer assets around easily.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
I love Etrade because of their user interface. Even though the stock commission is $9.99 and $12.99 in some cases, it is still at the top of my list of recommended stock brokers.
If you love customer service, you need to check out Scottrade. They've always give out bonuses to their employees and they have the best customer support. Their stock commission is $7 per trade.
TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.
Charles Scbwab is the luxury of discount stock brokers. They tailor their business to individual starting with $300,000 in assets and it shows. Their trading commission is $12.99.
I don't really like TD Ameritrade but it works fine. Their stock commissions are $9.99 a trade and they have no hidden fees to boot. This option is fine, but it's not one I recommend. - 23204
About the Author:
No hidden fees is what separates this broker from the rest. Well, not quite because they have Scottrade promo code too.
posted by X - Men @ 7:20 AM
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